CUET Preparation Today
Personal Disposable Income is? |
The part of Aggregate Income which belongs to the household. The part of Aggregate Income which belongs to the Government. The part of Aggregate Income which belongs to the firm. The part of Aggregate Income which belongs to the rest of the world. |
The part of Aggregate Income which belongs to the household. |
The correct answer is Option (1) → The part of Aggregate Income which belongs to the household. Personal Disposable Income (PDI) refers to the portion of national income that is actually available to households for spending and saving after paying direct taxes and receiving transfer payments. Personal Disposable Income (PDI ) ≡Personal Income (PI) – Personal tax payments – Non-tax payments. |
